Integrated Capital Management Inc. Invests $234,000 in Invesco QQQ $QQQ

Key Points

• Integrated Capital Management Inc. invested $234,000 in Invesco QQQ, acquiring 425 shares during the second quarter.
• The recent dividend increase for Invesco QQQ is from $0.59 to $0.694 per share, yielding an annualized rate of $2.78.
• As of now, 44.58% of Invesco QQQ's stock is owned by institutional investors, highlighting strong institutional interest in the ETF.

Integrated Capital Management Inc. bought a new position in Invesco QQQ (NASDAQ:QQQ - Free Report) during the second quarter, according to its most recent 13F filing with the SEC. The fund bought 425 shares of the exchange traded fund's stock, valued at approximately $234,000.

A number of other large investors have also recently made changes to their positions in QQQ. Marshall & Sullivan Inc. WA bought a new stake in shares of Invesco QQQ in the 2nd quarter worth about $41,000. Alpine Bank Wealth Management bought a new stake in shares of Invesco QQQ in the 1st quarter worth about $50,000. Westend Capital Management LLC bought a new stake in shares of Invesco QQQ in the 1st quarter worth about $51,000. Blume Capital Management Inc. increased its holdings in shares of Invesco QQQ by 105.0% in the 1st quarter. Blume Capital Management Inc. now owns 121 shares of the exchange traded fund's stock worth $57,000 after buying an additional 2,536 shares during the last quarter. Finally, Atlantic Private Wealth LLC boosted its stake in shares of Invesco QQQ by 3,000.0% during the 1st quarter. Atlantic Private Wealth LLC now owns 124 shares of the exchange traded fund's stock worth $58,000 after purchasing an additional 120 shares during the period. 44.58% of the stock is currently owned by institutional investors.

Invesco QQQ Stock Up 2.1%

QQQ stock opened at $602.01 on Tuesday. Invesco QQQ has a 12 month low of $402.39 and a 12 month high of $613.18. The company has a 50-day moving average price of $584.64 and a 200 day moving average price of $537.61.

Invesco QQQ Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, October 31st. Investors of record on Monday, September 22nd will be paid a dividend of $0.694 per share. The ex-dividend date of this dividend is Monday, September 22nd. This represents a $2.78 dividend on an annualized basis and a dividend yield of 0.5%. This is a boost from Invesco QQQ's previous quarterly dividend of $0.59.

About Invesco QQQ

PowerShares QQQ Trust, Series 1 is a unit investment trust that issues securities called Nasdaq-100 Index Tracking Stock. The Trust's investment objective is to provide investment results that generally correspond to the price and yield performance of the Nasdaq-100 Index. The Trust provides investors with the opportunity to purchase units of beneficial interest in the Trust representing proportionate undivided interests in the portfolio of securities held by the Trust, which consists of substantially all of the securities, in substantially the same weighting, as the component securities of the Nasdaq-100 Index.

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